US Edition‘Utterly outrageous’: CFPB terminates expert witness contracts
- The Trump and Musk administration has started layoffs at the Consumer Financial Protection Bureau , impacting nearly two dozen staff members responsible for consumer issues.
- Acting CFPB Director Russell Vought has implemented a stop-work order and funding freeze, raising concerns about employee job security.
- Critics, including Senator Elizabeth Warren, claim the administration's actions appear to protect Musk's business interests and create a conflict of interest.
- The elimination of CFPB funding raises concerns about its ability to protect consumers from predatory practices in the financial industry.
12 Articles
12 Articles
The Trump Administration Seeks to Dismantle the CFPB
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Gilbert Sun News
SoloSettle Transforms Debt Settlement Amid Uncertainty Over CFPB Regulations
SAN FRANCISCO, Feb. 12, 2025 /PRNewswire/ -- Recent actions by President Donald Trump against the Consumer Financial Protection Bureau (CFPB) have sparked concerns over consumer protections and debt repayment. With potential restrictions on borrower protections, Americans may have fewer resources…
Why Trump and Musk are shutting down the CFPB
The Trump administration's work to shut down the Consumer Financial Protection Bureau could hit American consumers in the wallet. It could also spare Elon Musk's business interests from unwanted federal attention.Just a few days before Musk's DOGE agents targeted the CFPB, the social media platform X launched a new payment system — X Money — that the "agency might have scrutinized," said The Washington Post. The bureau has "vast powers" to go af…
Musk will personally profit from dismantling consumer protection agency: Ex-CFPB Official
President Trump has given yet more power to Elon Musk, who is now leading the effort to dismantle the Consumer Financial Protection Bureau. Created in response to the 2008 financial crisis, the CFPB helps enforce consumer financial laws for mortgages, credit cards and other financial products. We speak to a former CFPB staffer, Julie Margetta Morgan, who says the consumer watchdog has helped recover $21 billion lost to financial fraud and abuse …
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